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STMicro swings to loss, scoops up NXP sensors in US$950 million reset

Chia-Han Lee, Taipei; Levi Li, DIGITIMES Asia 0

STMicroelectronics posted its first operating loss in over a decade, driven by US$190 million in restructuring and impairment charges amid soft automotive and industrial chip demand. The loss coincided with the company's announcement of a US$950 million...

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